Why Joshua Kushner nixed bid to buy Miami Marlins

New York Post

19th February 2017

There is some rich irony to why Joshua Kushner’s bid to buy the Miami Marlins baseball team struck out last week. Kushner, whose brother Jared is married to first daughter Ivanka Trump and is a top White House adviser, did not want to be seen at a time Marlins owner Jeffrey Loria was possibly in line to become ambassador to France.` The Post broke the story about Loria being considered for the enviable foreign post, and within hours Josh Kushner Loria was asking $1.

8 billion for the Marlins, and Kushner’s offer of around $1. 3 billion was looking to the outside world like a bargain. But, according to baseball insiders, it was not.

A rival suitor said the most he would offer would be less than $1 billion, since the Marlins lose roughly $30 million a year, already have one of the lowest payrolls in baseball and own a new stadium — meaning there are no cuts to be made and no expansion possibilities to attract more revenue. The Marlins did not return calls..